Fraud as Policy: The Incentives of the Modern Welfare State
Politicians and the media always express shock when they hear about the latest fraudulent schemes involving the welfare system. They shouldn’t be surprised, as nothing incentivizes fraud like the welfare state.
Unger The Weather
In this week’s Friday Philosophy, Dr. David Gordon examines the demands of philosopher Peter Unger, namely, that we be forced to give up our wealth to fund a world welfare state. Suffice it to say that Dr. Gordon is not impressed with Unger’s arguments.
Mises, Money, and Catallactics: The State “Theory” of Money Abandons Economics
Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an empirico-realistic, historical theory of money now finds it intellectually acceptable, not only to reject catallactic economic theory, but also empirical history.
Quantitative Finance Has a Rotten Foundation
Austrian economists have long criticized using mathematics to undergird economic analysis. It is time to apply that same criticism to using math to undergird analysis of financial markets.
Surprise! Mamdani Is Governing Like a Socialist
By hiring a communist as his main housing adviser, New York City Mayor Zohran Mamdani is fully committed to driving out private ownership of rental properties and handing over apartments to the city and politically-connected organizations. It will only make housing problems worse.
The 1929 Financial Thriller and the “We Can’t Help Ourselves” Theory of Financial Mania
The 1929 October stock market crash is one of the most important financial events in US history. Andrew Ross Sorkin’s book gives a close look at the events that shook the nation.
The Misesian
The latest issue of The Misesian discusses why a world without private property is a lawless world.
Silver Slammed as Trump Nominates New Fed Chair
Mark Thornton presents a timely interview with Elijah K. Johnson that underscores how quickly “melt-ups” can flip into sharp corrections.
The Division of Labor
Entrepreneurs, prices, and profit-and-loss coordinate the division of labor that makes prosperity possible.
The Fed Does Nothing
Dr. Jonathan Newman joins Tho and Connor to discuss Jerome Powell's favorite type of FOMC meeting: a boring one.
Gold Exports, Trade Deficits, and Tariffs
Bob responds to James Rickards’ recent tweet on record U.S.
Spring 2026 Virtual Mises Book Club
In February 2026, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.
Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City
Politicians don’t build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026.
Libertarian Scholars Conference 2026
Join us in Auburn in March for Libertarian Scholars Conference 2026.
Austrian Economic Research Conference 2026
The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.
